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Open Text (OTEX.TO)

TSE:OTEX

Open Text (OTEX.TO)

29.47
+0.24 (0.82%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
380 watching
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TOP PICK

Open Text(OTEX.TO)

May 18, 2023

Global, site-based and cloud-based. Installed base of 150M+ users. No customer concentration risk. 80% of revenues are recurring. Sluggish organic grower, but very capable serial acquirer. Just closed most skeptical acquisition, seems to be going well. Shareholder return over 20 years of 13.4%, 10x the TSX tech index. Deeply discounted at 9x earnings vs. its 10-year average of 13x. Yield is 2.38%.

(Analysts’ price target is $63.80)
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$55.53

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
WEAK BUY

Open Text(OTEX.TO)

May 11, 2023

Not expensive at 9x earnings, huge free cashflow. Growth by acquisition story. Strong revenue growth, but not mirrored in free cashflow growth. Buying it won't hurt you, but he prefers something like MSFT. Yield is 2.3%.

Photo of Paul Harris, CFAPaul Harris, CFA
No
Unlock Rating
$54.49

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Apr 28, 2023

Has recently added position.
Prospects for business positive.
Recent M&A very good for business.
Believes further upside at current share price. 
Lots of recurring revenue. 

Photo of Darren SissonsDarren Sissons
Owned
Unlock Rating
$51.31

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
PAST TOP PICK

Open Text(OTEX.TO)

Apr 04, 2023
(A Top Pick Mar 18/20, Up 18%)

It performs when the market is volatile or frothy. Interesting. It bottomed in mid-2022 around $36 and topped in mid-2021 around $72. They gobble a lot of companies. Fine organic growth. Good to buy today.

Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSI
Owned
Unlock Rating
$51.87

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Mar 10, 2023

Does not own shares. Follows closely.
Wait for shares to fall before buying.
Has seen shares really YTD.
Tech sector should expect further recoveries, but expect volatility. 
US Fed rate hikes will affect company (not much upside).


Photo of Brianne GardnerBrianne Gardner
No
Unlock Rating
$47.60

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
DON'T BUY

Open Text(OTEX.TO)

Feb 08, 2023

Driven by acquisitions. ROIC has fallen. Better opportunities for new capital in Canadian tech such as CSU or TOI. Good, but not exceptional. If you already hold, hang on.

Photo of Jason Del VicarioJason Del Vicario
No
Unlock Rating
$47.46

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Jan 16, 2023
Shares fell in Q3. It is a lumpy company. Tons of recurring revenues. Growing dividend. Knows the company well. Has owned this on and off over the years. There's been a lot of insider buying from the board. (Analysts’ price target is $55.84)
Photo of Darren SissonsDarren Sissons
Owned
Unlock Rating
$44.23

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Dec 20, 2022
Not in his fund portfolio, but in some separately managed accounts. A leader. Consistently maintains a double-digit growth rate. Couple of missteps, so the stock price took a haircut. Follows it and likes it. (Analysts’ price target is $53.65)
Photo of Kim BoltonKim Bolton
No
Unlock Rating
$39.18

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
HOLD

Open Text(OTEX.TO)

Dec 07, 2022
Over 75K enterprise customers, 800K small to medium customers globally. Cloud business is approaching 50% of revenue. Historically, growth by acquisition. Down 35%. How will it be affected by macro headwinds, depth of recession? 9x earnings, organic revenue growth expectations 2-3% range. Cheaper than peers. Attractively valued. A comfortable hold.
Photo of Michael Hakes - CFA, MBAMichael Hakes - CFA, MBA
Owned
Unlock Rating
$37.88

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Dec 06, 2022
A valuation play. Shares have fallen 50% from 2021 highs. All negativity has been absorbed. They continue to expand cloud which sets it up well for 2023. Tech will be a winning category along with bonds in 2023. He targets $50 in 12-18 months. Attractive price now. (Analysts’ price target is $55.84)
Photo of Andrew PyleAndrew Pyle
Owned
Unlock Rating
$38.19

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Nov 11, 2022
Company has navigated tech boom and bust. Tech infrastructure will remain in demand. Current dividend valuable. Valuation presenting good buying opportunity. Waiting for shares to fall further before buying.
Photo of Ryan BushellRyan Bushell
No
Unlock Rating
$39.73

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Oct 28, 2022
Great Canadian tech story. Doesn't own shares in company. Currently going through merger of A&D opportunity. Current tech selloff might be presenting good time to buy.
Photo of Brendan CaldwellBrendan Caldwell
No
Unlock Rating
$40.75

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Oct 11, 2022
More of a spec play, but pays a dividend over 3%. It has been unfairly beaten up this year. Their Google deal is a positive. Has decent fundamentals. Trades at only an 8.3x PE. He will enter this shortly. It's a valuation play. (Analysts’ price target is $61.40)
Photo of Andrew PyleAndrew Pyle
No
Unlock Rating
$35.40

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
PAST TOP PICK

Open Text(OTEX.TO)

Oct 04, 2022
(A Top Pick Oct 05/21, Down 37%) It's down because it faces tough earnings comps. They did well during Covid--and still are--but aren't growing as fast. Also, they made a big purchase (they've made 80 over the past decade) of Microfocus, a large UK turnaround story. OTEX paid a lot for it and will finance it through debt and raise money in the high-yield market (at a rocky time). There's some worry over this deal, but he expects the deal to close and it will be very accretive.
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$38.05

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
WAIT

Open Text(OTEX.TO)

Sep 29, 2022
A fan. Safe and steady. Likes the verticalization. Big selloff from expensive valuation. Recent sizeable acquisition may take a while to digest, though management has a good track record. Stock may trade down further. He'd need to see progress on debt repayment.
Photo of Darren SissonsDarren Sissons
No
Unlock Rating
$36.99

Stock price when the opinion was issued

$29.47

As of Jun 19, 2026. Market Open.

computer softwareprocessing
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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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